قالب وردپرس درنا توس
Home / Technology / Apple Inc. (NASDAQ: AAPL)-How much did you invest $1,000 in Apple on the day the first iPhones were unveiled today?

Apple Inc. (NASDAQ: AAPL)-How much did you invest $1,000 in Apple on the day the first iPhones were unveiled today?



Investors who have owned stocks in the past 13 years have overall made some significant gains. Actually, SPDR S&P 500 (New York Stock Exchange: SPY) The total return since June 29, 2007 was 201.5%.

On the day of history, Apple (NASDAQ: AAPL) officially released the first iPhone ever-arguably the most successful product ever.

Apple’s iPhone Boom: There are two main trends in Apple’s development in the last 20 years.

Apple launched the iPhone in 2007, and it eventually became the most successful product in economic history.

In the year of launch, Apple sold 1.39 million iPhone devices. By 201

5, Apple sold 231.2 million iPhones every year.

Apple recently launched its iPhone 12 series, which is the first product compatible with 5G mobile networks.

Analysts predict that 5G iPhone will trigger another large-scale global upgrade cycle among existing iPhone users.​​

In recent years, when iPhone sales growth began to slow down, Apple shifted its focus to a circular service model, a shift that continues to this day.

On the day the original iPhone was launched in 2007, Apple stock was trading at approximately $150.

Apple’s stock price reached a peak of US$202.96 before the 2008 financial crisis, but only fell to US$79.14 during the crisis. Incredibly, Apple hit a new high again before the end of 2009.

Apple eventually reached a peak of $705.07 in 2012, and then conducted a seven-to-one stock split in 2014.

The stock split caused Apple’s stock price to fall back to below $90, but by mid-2018, Apple was back above $200 again.

Related link: This is the value of investing $1,000 in Goldman Sachs today during the economic downturn

Apple in 2020 and beyond: Before the COVID-19 sell-off, Apple reached $327.85 in early 2020, which brought the stock back to a low of $212.61.

In August, there was another five-to-one stock split. Apple’s stock price soared to US$515.14, and then the stock price fell below US$115.

The iPhone undoubtedly launched the most profitable era in Apple’s history. Assuming that dividends are reinvested, the Apple stock that invested $1,000 on the day the iPhone was released is worth about $30,500 today.

Looking ahead, analysts expect Apple to have more room for growth in the next 12 months. The average target price of 36 analysts on the stock is $126.25, which is 10.7% higher than current levels.

Photo by Yutaka Tsutano via Wikimedia.

©2020 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.


Source link